AgenciesThe state-run oil marketing companies on Tuesday raised fuel prices by 80 paise, the 13th such hike in the last 15 days.
Tuesday's hike takes the total increase in petrol prices to Rs 9.20 per litre in the national capital.
The prices were revised for the first time on March 22 after a gap of more than four months.
On Monday, the price of petrol and diesel in New Delhi were increased again by 40 paise per litre.
As per pump prices, petrol now costs Rs 104.61 per litre and diesel Rs 95.87 per litre in the national capital.
In the financial capital Mumbai, prices were hiked to Rs 119.67 per litre for petrol and diesel to Rs 103.92 per litre (increased by 85 paise).
Till last Tuesday, fuel prices were steady since November 2021 when the Centre reduced excise duty on petrol and diesel by Rs 5 and Rs 10 per litre, respectively.
The OMCs revised the transportation fuel cost based on various factors such as rupee to US dollar exchange rate, cost of crude oil and demand of fuel amongst others.
Resultantly, the final price includes excise duty, value added tax and dealer's commission.
It was widely expected that the OMCs will revise the current prices due to high crude oil cost.
Lately, crude oil prices have been volatile on fears of tight supplies due to sanctions against Russia.
The crude oil price range is a cause of concern for India as it may ultimately add Rs 10-15 in petrol and diesel selling prices.
At present, India imports nearly 85 per cent of its crude oil requirements.
Tuesday's hike takes the total increase in petrol prices to Rs 9.20 per litre in the national capital.
The prices were revised for the first time on March 22 after a gap of more than four months.
On Monday, the price of petrol and diesel in New Delhi were increased again by 40 paise per litre.
As per pump prices, petrol now costs Rs 104.61 per litre and diesel Rs 95.87 per litre in the national capital.
In the financial capital Mumbai, prices were hiked to Rs 119.67 per litre for petrol and diesel to Rs 103.92 per litre (increased by 85 paise).
Till last Tuesday, fuel prices were steady since November 2021 when the Centre reduced excise duty on petrol and diesel by Rs 5 and Rs 10 per litre, respectively.
The OMCs revised the transportation fuel cost based on various factors such as rupee to US dollar exchange rate, cost of crude oil and demand of fuel amongst others.
Resultantly, the final price includes excise duty, value added tax and dealer's commission.
It was widely expected that the OMCs will revise the current prices due to high crude oil cost.
Lately, crude oil prices have been volatile on fears of tight supplies due to sanctions against Russia.
The crude oil price range is a cause of concern for India as it may ultimately add Rs 10-15 in petrol and diesel selling prices.
At present, India imports nearly 85 per cent of its crude oil requirements.
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